Salary.com(TM) Reports Moms in U.S. Would Earn $116,805 While Moms in Canada Would...

Thu May 8, 2008 10:48am EDT
 
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Salary.com(TM) Reports Moms in U.S. Would Earn $116,805 While Moms in Canada Would Earn $126,593

  2008 Annual Valuation of Mom's Job Shows Impact of Company Size on
   Mom's Salary Calculation. Salary Calculation Expanded for Moms in
                                Canada
WALTHAM, Mass.--(Business Wire)--
Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand
compensation and talent management solutions, announced today the
results of its annual Mom Salary Survey. Salary.com has revised the
calculation to reflect the impact of company size on mom's
compensation. For 2008, Salary.com determined that the time mothers
spend performing the 10 most popular "Mom job functions" would equate
to an annual cash compensation of $116,805 for a Stay-at-Home Mom and
$68,405 for a Working Mom, down from last years calculations of
$138,094 and $85,938.

   Salary.com leveraged its new CompAnalyst(R) global market data to
benchmark the mom jobs in Canada, which would equate to $126,593 for
Stay-at-Home Moms and $74,101 for Working Moms (reported in Canadian
dollars). The job titles that best matched a mom's definition of her
work in both countries are (in order of hours spent per week):
housekeeper, day care center teacher, cook, laundry machine operator,
computer operator, psychologist, facilities manager, van driver, chief
executive officer and janitor.

   "This is Salary.com's eighth year looking at the value of mom's
work and there's always a tremendous amount of interest in why we
value the job of mom. Since 2000, Salary.com has become known as the
experts in valuing the jobs people do. In 2001, we realized we didn't
have one of the most important jobs of all - the job of mom. Through
our mom survey, we've been able to recognize the critical value of
what moms do and educate the public on the different factors that
determine the compensation of a particular job," said Bill Coleman,
senior vice president at Salary.com, Inc.

   Since its inception, the Mom Salary Survey has been enhanced to
reflect feedback such as adding salary ranges for Working Moms,
Stay-at-Home Moms and Working Dads. The survey data has been
incorporated into the Mom SalaryWizard(R), an online tool where
consumers can personalize the survey data to reflect their time spent
per job in an average week. The Mom SalaryWizard shows users how
factors such as geography and the mix of various mom jobs can impact
compensation and can either increase or decrease the mom salary from
the national median Salary.com publishes every year.

   This year, Salary.com adjusted the mom salary benchmark based on a
key factor that affects pay - company size - and provided a more
complete view using total cash compensation for the mom job.
Previously, the survey was based on the national median base salary
for all company sizes.

   "Smaller organizations typically pay less. By using data for
companies with fewer than 25 employees--offset slightly by the
addition of annual bonuses--we saw a net decrease in U.S mom's pay of
nearly $21K from 2007. We believe this is a valuable way to help
educate the average person about the factors affecting compensation
and how employers determine pay," said Coleman.

   The primary driver of mom's six-figure salary, however, remains
the amount of overtime worked. This year, mom's overtime averaged 54.4
hours per week. According to the Salary.com survey, Stay-at-Home Moms
work a 94.4 hour "workweek" - over half her time spent on the job is
overtime. The Working Moms reported an average 54.6 hour "mom work
week" in addition to their paying jobs.

   Salary.com created the Mom Job based on Certified Compensation
Professional(R)* benchmarking principles to determine the value of a
job. Following these employer-based principles, it is important to
match jobs based on their job descriptions not just job titles. In
Mom's case, her role is an example of a hybrid job with 10 different
jobs--each with different salaries--that comprise her job. In the Mom
Salary Survey, 18,000 moms quantified their hours worked in each role
for a typical week. Salary.com's compensation professionals weighted
the different responsibilities of the job to determine mom's overall
total compensation.

   *Certified Compensation Professional is a registered trademark of
WorldatWork.

   About Mom Salary Wizard

   Moms and their families can visit http://mom.salary.com and create
their own "mom paycheck" with the Mom Salary Wizard(R), the first
interactive tool that allows moms and their families to price the "mom
job," based on location and mom's personal hours worked in each of the
10 roles. Users can create a hypothetical mom paycheck and mom pay
stub, which can be printed and emailed to family and friends for
Mother's Day.

   For more detailed information on the Stay-at-Home and Working Mom
compensation analysis as well as the Mom SalaryWizard, log on to
http://mom.salary.com.

   About Salary.com, Inc.

   Salary.com is a leading provider of on-demand compensation and
talent management solutions helping businesses and individuals manage
pay and performance. Salary.com's highly configurable software
applications, proprietary data and consulting services help HR and
compensation professionals automate, streamline and optimize critical
talent management processes including: market pricing, compensation
planning, performance management, competency management and succession
planning. Built with compensation and competency data at the core,
Salary.com solutions provide businesses of all sizes with the most
productive and cost-effective way to manage and inspire their most
important asset - their people. For more information, visit
www.salary.com.

Salary.com
Karen Peabody, 781-464-7544
press@salary.com
or
Schwartz Communications
Bill Keeler, 781-684-0770
salary@schwartz-pr.com

Copyright Business Wire 2008

 

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